IslamicFinance.de

Bursa Malaysia Bhd has added TA Securities Holdings Bhd to its Islamic participating organisations list, making it the 11th stockbroking house and Islamic PO partnering with Bursa Malaysia-i. TA Enterprise Bhd managing director and chief executive officer Datin Alicia Tiah stated, that the inclusion will complement and broaden its product offerings.
Bursa Malaysia chief executive officer Datuk Seri Tajuddin Atan said in a statement: "We hope that with the support from our brokers, we will be able to provide a conducive marketplace for the Shariah investing community which will, in turn, continue to spur the growth and vibrancy of the Islamic capital market domestically and regionally.”

A RM500mil (US$163mil) Islamic bond has been issued by the National Bank of Abu Dhabi. The issued sukuk has an interest rate of 4.75% and will mature in 15 years. The joint lead managers of the transaction besides the Malaysian national bank were HSBC, Maybank Investment Bank and Standard Chartered.

DRB-HICOM Bhd will attempt an Islamic medium-term notes (sukuk) programme of up to RM1.8 billion.
Maybank Investment Bank Bhd was assigned principal adviser, lead arranger and lead manager for the programme.
The company stated that the proceeds from the programme would be used to finance working capital requirements; current and future projects; investments; capital expenditure; and, refinance borrowings.

It appears that Malaysia is going to choose Maybank Investment Bank Bhd, CIMB Investment Bank Bhd and HSBC Amanah Malaysia Bhd to advise on a global Islamic sovereign bond to raise more than US$1 billion. An anonimous source told that this could start even next month.
The government seems to be arranging a 10-year dollar-denominated sukuk, in its second sovereign sale of Shariah-compliant debt in a year.